3 May 2024
BP agrees sale of North Sea assets to EnQuest
Publication date: 25 January 2017
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
BP has agreed to sell stakes in UK North Sea assets to London-based E&P firm EnQuest for an estimated USD 85 million to be paid using future cash flows from the assets.
EnQuest will take 25% stakes in the Magnus field and its associated pipelines, as well as a 3% interest in the Sullom Voe terminal (SVT) on the isle of Shetland, which BP currently holds a 12% interest in, BP said in a statement this week.